Taxpayers face triple threat from AIG, Fannie, Freddie

08/17/2009 | Economist (free content), The

The largest bets made by U.S. taxpayers are not on the automakers or banks, but on American International Group, Fannie Mae and Freddie Mac, according to this article. Although the case for rescuing the firms remains intact, taxpayers are expected to lose billions of dollars on the deals. Meanwhile, trouble may be brewing at Ginnie Mae, another government-owned entity that guarantees and bundles subprime mortgages.

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Economist (free content), The

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